NEWS

The European network on debt and development (Eurodad) and the Global alliance for tax justice have launched a proposal for a United Nations convention on tax which would aim to ensure tax systems are ‘transparent, equitable and effective’.The Global...

Financial Secretary to the Treasury, Lucy Frazer, has announced that the UK is freezing tax co-operation with Russia and Belarus by suspending all exchange of tax information with effect from 17 March 2022, as part of the UK’s wider response to the...

The CIOT has published guidance designed to help those who will become subject to making tax digital for VAT from 1 April 2022 (‘mandated businesses’) to understand when they should sign up for MTD.The guidance comes in the form of a written...

The Child Benefit and Tax Credits (Amendment) Regulations, SI 2022/346, ensure that people who left Ukraine in connection with the Russian invasion on 24 February 2022 are exempt from the requirement to have been living in the UK for at least three...

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations, SI 2022/337, make various changes to ensure existing legislation dovetails with the new framework for...

The Social Security (Contributions) (Re-rating) Consequential Amendment Regulations, SI 2022/306, increase the special class 2 contributions weekly rate for share fishermen to £3.80 from 6 April 2022 (up from £3.70)....

The Social Security (Contributions) (Amendment) Regulations, SI 2022/300, modify the formulae used to calculate the NICs annual maxima, as a consequence of the 1.25 percentage point increase in NICs rates for the tax year 2022/23.The annual maxima...

HMRC is extending the income tax exemption and NICs disregard from earnings for employer-provided and employer-reimbursed coronavirus tests for the 2022/23 tax year.The Finance Act 2021 (Modification of Section 26) (Coronavirus) Regulations, SI...

The Taxation of Banks (Amendments to the Corporation Tax Act 2009, Corporation Tax Act 2010 and Finance Act 2011) Regulations, SI 2022/286, amend various provisions in primary tax legislation to take account of the new regulatory framework that...

The Social Security Contributions (Freeports) Regulations, SI 2022/313, exempt employees from the requirement to spend 60% of their working time in a freeport site if their working arrangements have been adjusted to accommodate a protected...